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Stocks to watch

Stocks of interest on the Australian stock exchange today.

AIO - ASCIANO GROUP - down 2.5 cents at $1.85

Transport and logistics company Asciano Group says its chief financial officer Peter McGregor has resigned to pursue other opportunities outside the business.

ACK - AUSTOCK GROUP LTD - untraded at 27 cents Austock Group is assessing its options after the competition watchdog opposed the investment manager and stockbroker's proposed sale of its stake in share registry Newreg Pty Ltd.

ANZ - ANZ BANKING GROUP LTD - down two cents at $25.35

ANZ Banking Group says it will invest up to $US100 million ($A110.23 million) in capital in Indonesia during 2010 to complete the acquisition of the Royal Bank of Scotland's (RBS) retail and commercial businesses in that country, and accelerate organic growth.

BKW - BRICKWORKS LTD - up five cents at $12.65

Brickworks has forecast an improved second half as government spending is expected to increase demand for its building products but remains concerns about the affect of higher interest rates on the housing market.

BHP - BHP BILLITON LTD - down four cents at $43.32

RIO - RIO TINTO LTD - up $1.42 at $78.62

The competition watchdog has raised concerns about a proposed tie up of BHP Billiton and Rio Tinto's Western Australia iron ore assets, saying they could profit by coordinating supply.

CBA - COMMONWEALTH BANK OF AUSTRALIA - down one cent at $57.20

Commonwealth Bank of Australia says it is searching for bolt-on acquisitions for its offshore wealth management operation.

CWN - CROWN LTD - down 22 cents at $8.17

Casino operator Crown will spend $212 million on upgrading the VIP facilities at its Melbourne casino, to remain competitive in attracting high-spending gamblers.

NAB - NATIONAL AUSTRALIA BANK LTD - up 14 cents at $27.51

National Australia Bank says it is well positioned for organic growth in the UK and would not be a forced seller of its Clydesdale and Yorkshire banks.

SOL - WASHINGTON H SOUL PATTINSON AND COMPANY LTD - up 18 cents at $13.80

Washington H Soul Pattinson and Company expects improving results from its subsidiaries after reporting a fall in first half profit.

STO - SANTOS LTD - up 39 cents at $14.76

WPL - WOODSIDE PETROLEUM LTD - up six cents at $47.48

Woodside Petroleum has quashed talk of a $15 billion takeover bid for Santos as analysts suggest the smaller company is more likely to appeal to other predators.

TEN - TEN NETWORK HOLDINGS LTD - down 0.5 cent at $1.845

Network Ten's new 24-hour digital sports channel ONE may be making some sports administrators question the wisdom of taking the fistful of dollars on offer from pay TV.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: AB, ANZ, BHP, BHP Billiton, BRICKWORKS, CBA, Commonwealth Bank, COMMONWEALTH BANK OF AUSTRALIA, CROWN, etwork, Hewlett-Packard, HP, ING, NAB, National Australia Bank, Network Ten, Rio, RIO TINTO, Santos, Stocks, TEN NETWORK HOLDINGS, WOODSIDE PETROLEUM

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